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Webb Simpson, a two-time winner last year, carded a six-under 65 and is alone in second place. Harrison Frazar, Kevin Na, Chez Reavie, Derek Lamely and Jarrod Lyle are tied for third after posting five-under 66s.
The start of the first round at TPC Scottsdale was delayed one hour by frost. The round was suspended by darkness at 8:05 p.m. (et) and will resume Friday 9:30 a.m. (et). The second round will start as scheduled at 9:30 a.m.
Palmer and Simpson both started their rounds on the back nine. Palmer poured in a 14-footer for birdie on the 10th. He birdied both par-fives, 13 and 15, to move to minus-three.
Palmer made it two in a row with a birdie on the first. A 13-foot birdie putt on the fourth gave Palmer a share of the lead. He followed with a 12-footer for birdie on five and made it three in a row with a 10-foot birdie effort on the No. 6.
"I had two great days preparing on Tuesday and Wednesday," said Palmer, who missed the cut in his first two events this year. "Getting the old putter back out, and getting the old feelings I've had in the past, the way the swing feels and the way the body feels, it was set up for a good day today."
Around the turn, Simpson sank a 12-footer for birdie on one and moved atop the leaderboard as he stuffed his approach inside a foot on the second.
Simpson climbed to minus-seven when he sank a 16-foot birdie try on the fifth. His drive landed in the rough on the sixth and that led to Simpson's only bogey of the day.
Two-time winner Phil Mickelson posted a three-under 68 and is tied for 19th. That was his first sub-par opening round of the year.
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